Wesley Snipes Indicted On Tax Fraud

Actor Wesley Snipes was indicted today on 8 counts of tax fraud.

Allegedly, Snipes failed to file tax returns for six years (between 1999 and 2004), and during years that he did file (1996 and 1997), he fraudulently claimed refunds to the tune of $12 million. The indictment states that Snipes' accountants have a history of filing fraudulent returns.

If convicted, Snipes could face up to 16 years in prison.